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Dec 31, 2012
12/12
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but two years ago, the city quietly dropped the smoking ban. gwendolyn boyd is the city's chief of police. >> we realized that at best we may save 5% on our insurance premium. but now we're having a problem with trying to recruit and hire highly-qualified candidates, and we're competing against agencies that do not have that policy. >> did dropping the policy dramatically change that? were you able to find qualified people? >> i would have to say unequivocally yes. >> officer juan mayato believes that the city ultimately learned that those smokers more often than not made pretty good cops. >> i mean, what does smoking have to do with the way you perform your job out here? there's a lot of people that smoke that are well qualified for this job, and it doesn't affect them. and, you know, they couldn't hire them. >> that was the problem cnn faced. and after 13 years of a ban on hiring smokers, it rescinded the policy. even so, lewis maltby says it's gonna be near impossible to marshal support for smokers. >> smoking has become more than a health i
but two years ago, the city quietly dropped the smoking ban. gwendolyn boyd is the city's chief of police. >> we realized that at best we may save 5% on our insurance premium. but now we're having a problem with trying to recruit and hire highly-qualified candidates, and we're competing against agencies that do not have that policy. >> did dropping the policy dramatically change that? were you able to find qualified people? >> i would have to say unequivocally yes. >>...
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Dec 6, 2012
12/12
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is -- i was at a convention at the hilton in the city. and there's no question, the bricks and clicks model is what will happen. retailers will provide an internet alternative, they'll let you pick it up in the store, they'll let it be shipped, they'll have other sizes, they'll move it from store to store. and that's the model. all the retailers are talking about the internet is driving their business, gives good research, you know, it's a complement. it'll affect a little bit, but good retail, dense populations, very good risk adjusted. >> going to continue to work. this the the kind of stock you can ride through a fiscal cliff with. thank you to drew alexander, president and ceo of weingarten realty investors, i've followed it for years, it's the best, wri. after the break, i'll try to make you more money. thank you, drew. >> thank you. >>> coming up -- love thy neighbor? forget china, there's a skyrocketing industrial boom just south of the border. want to find out how to hop aboard this new growth theme? cramer's got one play that cou
is -- i was at a convention at the hilton in the city. and there's no question, the bricks and clicks model is what will happen. retailers will provide an internet alternative, they'll let you pick it up in the store, they'll let it be shipped, they'll have other sizes, they'll move it from store to store. and that's the model. all the retailers are talking about the internet is driving their business, gives good research, you know, it's a complement. it'll affect a little bit, but good retail,...
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Dec 8, 2012
12/12
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do you think the city of washington is going to implode? do you think federal government is not going to be able to do its job anymore? i don't believe any of that for one nano second. >> i think that's a no, no and no if i recall correctly what the questions were. the sun is still going to come up. right now i think the first place to start cutting, i would eliminate the jobs of the people that say there's no place to cut. if they can't find a place to cut get rid of them. >> this is the old washington monument syndrome. you know this. when i worked down there, anytime there's a little bit of cuts someplace people start saying we're going to have to close down the washington monument. we're going to have to close down the national parks. we'll never have another tour nift washington, d.c. it's all lot of crap, ernie. all this is would be a small reduction in the growth of the federal workforce. and god knows we could use that. >> i know up wouldn't it be wonderful if we could actually bring that down to a freeze or even a 1% actual cut? no
do you think the city of washington is going to implode? do you think federal government is not going to be able to do its job anymore? i don't believe any of that for one nano second. >> i think that's a no, no and no if i recall correctly what the questions were. the sun is still going to come up. right now i think the first place to start cutting, i would eliminate the jobs of the people that say there's no place to cut. if they can't find a place to cut get rid of them. >> this...
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Dec 6, 2012
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the workers in the city of detroit, he knows. dave bing has done some things wrong, but he's a lot closer to it than joanne watson is. the governor tried to take over, tried to use an emergency manager power to say that the state can take over. and the city of detroit, the people went nuts. they called it racism, they called it all kinds of stuff and said they're taking away our vote. larry, i stood with them. i said you're right, those people should have their vote. but when detroit screws up, when the mayor of the council screws up, you're on your own. don't expect a bailout from us if you want that local power. >> we're going to leave it there. doc thompson, thank you very much. well put. so cliff or no cliff, is there a war against capital going on? this is part of the story. art laugher is going to tell us why you can't have capitalism without capital. you'll want to hear this. [ male announcer ] when gloria and her financial advisor made a retirement plan, they considered all her assets, even those held elsewhere, giving he
the workers in the city of detroit, he knows. dave bing has done some things wrong, but he's a lot closer to it than joanne watson is. the governor tried to take over, tried to use an emergency manager power to say that the state can take over. and the city of detroit, the people went nuts. they called it racism, they called it all kinds of stuff and said they're taking away our vote. larry, i stood with them. i said you're right, those people should have their vote. but when detroit screws up,...
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Dec 5, 2012
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so it's right in the heart of the city. and then you have with the high line, we all know the impact of that. and the expansion of the hudson boulevard that's being built. all these things coming toget r together, and this is where people want to be today in chelsea. i mean, you know when we go out and night and all the new restaurants and activity going, it's all in that area. so i think this will really become the new heart. it'll be kind of a shift. and it's exciting because people said it wouldn't happen. and the vision of the bloomberg administration was -- they were right on target. >> so city government was on your side here. i think of all the things that stand in the way of projects like this, whether it's regulatory issues or zoning issues or labor problems, or credit not being available or the fiscal cliff, any -- i mean it's -- and it's happening. so none of those things stood in your way? they make it more difficult? >> i mean, look -- doing a job this size in these times certainly -- >> took a while. >> right.
so it's right in the heart of the city. and then you have with the high line, we all know the impact of that. and the expansion of the hudson boulevard that's being built. all these things coming toget r together, and this is where people want to be today in chelsea. i mean, you know when we go out and night and all the new restaurants and activity going, it's all in that area. so i think this will really become the new heart. it'll be kind of a shift. and it's exciting because people said it...
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Dec 3, 2012
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where do you think vegas fits on that map, and what's the trajectory for the city on that front? >> it's the fastest growing part of everything we have been working on. two years ago, the vegas tech start-up scene was virtually nonexistent. and we've had several companies just ones i happen to know of, there's been ten tech start-up companies that relocated from other states to downtown vegas. so, for example, one of the companies is remotive. they make iphone-powered robots and moved to downtown vegas about a year ago, originally three people from seattle. they had considered silicon valley but then we recruited them to downtown vegas and now they're at about 20 people. and recently announced $5 million in funding from sequoia capital. so it's really happening here and it's pretty exciting to be part of it. >> yeah, and the city definitely needs it. that would be great if it could catch fire and sounds like it is. talk to me about retail. how did cybermonday go? how are you feeling about the season at large? there's been some discussion about how good the numbers looked overall
where do you think vegas fits on that map, and what's the trajectory for the city on that front? >> it's the fastest growing part of everything we have been working on. two years ago, the vegas tech start-up scene was virtually nonexistent. and we've had several companies just ones i happen to know of, there's been ten tech start-up companies that relocated from other states to downtown vegas. so, for example, one of the companies is remotive. they make iphone-powered robots and moved to...
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Dec 12, 2012
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the flag ship store in new york city. let's check in with the chairman and ceo of saks. the stores have good values. welcome back to "mad money." you said people shop at saks depending on how they feel about their net worth. >> at 13,200 on the dow, not too badly. the fiscal cliff, that is what is looming out there in terms of an over hang in the market. >> the whole 1% that changed the tax code. is it nearly as important as what they feel like in terms of their psyche? >> absolutely. i think that whether the rate goes up is less important than how does the dow react to getting some form of an agreement? i think that our customer can adapt to an agreement. >> let's throw in hurricane sandy. you were very, you know, wow, it was tough to talk about hurricane sandy. terrible loss of life. terrible damage. many of your stores got hurt. right after this, deutsche bank met with you and said despite sandy, things are pretty good. >> well look, i think there is the overhang in the environment. sandy was a punch to the stomach. th
the flag ship store in new york city. let's check in with the chairman and ceo of saks. the stores have good values. welcome back to "mad money." you said people shop at saks depending on how they feel about their net worth. >> at 13,200 on the dow, not too badly. the fiscal cliff, that is what is looming out there in terms of an over hang in the market. >> the whole 1% that changed the tax code. is it nearly as important as what they feel like in terms of their psyche?...
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Dec 11, 2012
12/12
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much of the competition, for example, in the big tier one and two cities. they have 2176 competitors. but in the smaller cities, 1167. as far as i'm concerned, young's real problem is not china. there is young's fast growing cities and then there is the slow growth domestic business. for the last year the company has shut down more stores than it opened. i'm saying right here right now give me a fee if it happened. do you think that is nuts? that is what algea did with phillip morris are. fast growing international one and they decided to break up. and the growth stock in the form of phillip morris. i think young should be the same thing. the business is sizzling. and now that taco bell has turned things around. i think that the domestic business has enough to turn around as well. right now, young trades at 18 times the earnings. if you split up the break up, i think it will get a higher multiple to the point where the sum of the two parts might be more per share. look, even if young doesn't break itself up. china is going to resume it's long march upward.
much of the competition, for example, in the big tier one and two cities. they have 2176 competitors. but in the smaller cities, 1167. as far as i'm concerned, young's real problem is not china. there is young's fast growing cities and then there is the slow growth domestic business. for the last year the company has shut down more stores than it opened. i'm saying right here right now give me a fee if it happened. do you think that is nuts? that is what algea did with phillip morris are. fast...
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Dec 5, 2012
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two of the biggest names in the most widely held stocks around, citi and apple topping the news this hour. headlines aren't good. apple right now is down about 4%. back in bear market territory, down 22% from their historic intraday high of $705 set back in september. right now shares are trading at $551.33. bob pisani joins me on the floor of the nyse. it started with this idc report citing the fact that they would lose their dominance in the tablet market in probably the next couple of years, and then the margin requirement story. >> it is a little complicated. i just want to address this issue first of the rally that we've got because i think that is sort of what's moving the overall market. there is some vague talk in washington that there may be some republican members starting to break ranks with the leadership on the tax issue. there's talk now that some republicans might be willing to accept higher taxes for the wealthy. this would be a break-through. we're monitoring that. now to what sue was talking about on apple. there are some firms raising margin requirements. i think t
two of the biggest names in the most widely held stocks around, citi and apple topping the news this hour. headlines aren't good. apple right now is down about 4%. back in bear market territory, down 22% from their historic intraday high of $705 set back in september. right now shares are trading at $551.33. bob pisani joins me on the floor of the nyse. it started with this idc report citing the fact that they would lose their dominance in the tablet market in probably the next couple of years,...
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Dec 21, 2012
12/12
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and it was the expertise of the city of london and the british civil severalants heading the european euro projects who said actually, no, that won't work in practical terms. politicians have to live in the real world. >> and maybe to pander to people in the way that there are fears that they may have. even all of that said, how important is it for the eu that they maintain this relationship? >> well, i think the relationship has got to change. so my view is that the euro absolutely survives. ubs has always, always believed that the euro will be 17 countries. it should never have been created, you about now that it's here, it must stay intact. but the eu's relationship, that i think probably does have to adjust. because the eurozone has to integrate more and the uk isn't interested in that. sweden is not interested in that. poland is not interested in that. >> but we hear now the rhetoric from london politicians, from british politicians. lots of pressure on britain to leave. >> well, certainly there is rhetoric. we've seen this in the netherlands. when you have a serious debate about
and it was the expertise of the city of london and the british civil severalants heading the european euro projects who said actually, no, that won't work in practical terms. politicians have to live in the real world. >> and maybe to pander to people in the way that there are fears that they may have. even all of that said, how important is it for the eu that they maintain this relationship? >> well, i think the relationship has got to change. so my view is that the euro absolutely...
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Dec 15, 2012
12/12
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people go there to get away from the inner city. but look what happened. is this the kind of place -- is this the direction that our schools are going? >> what i think you're getting at is almost a comparison to what we've recently done with regard to anti-terrorism where people have had to change the way in which they've conducted their air travel and other types of ways of life where you're used to taking our shoes off and going through the tsa pat-downs. we're spending a lot more money on counterterrorism than gun violence. but we have more deaths due to gun violence than to terrorism. we have to start putting more attention, more resources and maybe having to change some of these types of security measures, unfortunately. >> congresswoman, let me ask you about this security issue. this is a tough issue. most people don't want to have to go through drills like that. like i said, a lot of people in the newtown area and i know it well, we're up there, that's why they're there, because it's a calmer, peaceful place. and yet is the kind of drill that my sis
people go there to get away from the inner city. but look what happened. is this the kind of place -- is this the direction that our schools are going? >> what i think you're getting at is almost a comparison to what we've recently done with regard to anti-terrorism where people have had to change the way in which they've conducted their air travel and other types of ways of life where you're used to taking our shoes off and going through the tsa pat-downs. we're spending a lot more money...
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Dec 12, 2012
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>> harley-davidson, hog, positive mentions at citi, saying the checks in october didn't have negative impacts from hurricane sandy. in fact, their sales could be double digits to the upside for that month. the stock up about 25% year-to-date. melissa, back to you. >> thank you very much, brian. coming up next, former chair of the economic advisers. glen hubbard joins us from new york city. hear why he says the fiscal cliff debate may not be about economics. >> the former governor of michigan will be here with his latest read on ceo sentiment. and how he feels about michigan now becoming a right-to-work state. more from the street when we come back. [ male announcer ] this is steve.
>> harley-davidson, hog, positive mentions at citi, saying the checks in october didn't have negative impacts from hurricane sandy. in fact, their sales could be double digits to the upside for that month. the stock up about 25% year-to-date. melissa, back to you. >> thank you very much, brian. coming up next, former chair of the economic advisers. glen hubbard joins us from new york city. hear why he says the fiscal cliff debate may not be about economics. >> the former...
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Dec 19, 2012
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i think the citi research team chose to be traders not analysts. stick with the fundamentals. that didn't happen here. the evidence that the i5 was selling well. this is very sobering, people. as the stock ran from $525 to $571 and created a short-term bottom right here. i think these pieces of analysis, i think they should be wake-up calls to you, about how to use wall street research. take this advice at your own risk. do you do your own work? i like to buy low and sell high. in the end, that makes more sense than this research and frankly, that is all there is to be said about these two very lamentable calls. stay with cramer.
i think the citi research team chose to be traders not analysts. stick with the fundamentals. that didn't happen here. the evidence that the i5 was selling well. this is very sobering, people. as the stock ran from $525 to $571 and created a short-term bottom right here. i think these pieces of analysis, i think they should be wake-up calls to you, about how to use wall street research. take this advice at your own risk. do you do your own work? i like to buy low and sell high. in the end, that...
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Dec 5, 2012
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interestingly this is the first move toward really slimming down citi by the new ceo. he has a quote in here saying these actions are logical next steps in citi's transformation and says they're committed to strategy that continues to leverage in the global banking market. if you go through the list of where these jobs are actually coming from, institutional clients group which is investment banking a quarter of the job cuts are going to come from there. my 2013 predictions i said that group would slim down by half. interesting that they are cutting a big chunk of that group. global consumer banking is responsible for 35% of the cuts and then going on through the other business lines like citi holdings, those are responsible for smaller portion of those jobs. citi getting smaller. a billion dollars going to be the pretax charge in the fourth quarter of next year. 11,000 jobs a big move from the new ceo over there. carl? >> all right. thank you very much, kayla. we're reading through the release right now ourselves. big strategic move. >> how many people work at this ba
interestingly this is the first move toward really slimming down citi by the new ceo. he has a quote in here saying these actions are logical next steps in citi's transformation and says they're committed to strategy that continues to leverage in the global banking market. if you go through the list of where these jobs are actually coming from, institutional clients group which is investment banking a quarter of the job cuts are going to come from there. my 2013 predictions i said that group...
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Dec 19, 2012
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the cast of new york city ballet's production of the nutcracker at the nasdaq. habitat for humanity doing the honors there. certainly a lot to watch for. the euro is close to 133. 132.9 right now. that's signaling to the markets perhaps a risk on, after a two-month high in stocks yesterday, jim. >> a lot of companies had to caveat their quarters about what the strong dollar has done. we're not going to hear that next year at this time. we may hear that in the first quarter. a lot of companies, it took -- really took the wind out of the sails that you had in the currency problem. that goes away. the quarters are going to look much better. carl, you said 2013 could be different. and that is whae'reg to figure out. different in a lot of ways that seem positive. people confused at home, this is the fiscal cliff, is it the most important issue. how about a deal where you don't have too much belt tightening and you get the dollar going the right way, all this cash. >> a positive sign to that point, jim, is what we're seeing in the bond markets. we're finally seeing wh
the cast of new york city ballet's production of the nutcracker at the nasdaq. habitat for humanity doing the honors there. certainly a lot to watch for. the euro is close to 133. 132.9 right now. that's signaling to the markets perhaps a risk on, after a two-month high in stocks yesterday, jim. >> a lot of companies had to caveat their quarters about what the strong dollar has done. we're not going to hear that next year at this time. we may hear that in the first quarter. a lot of...
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Dec 26, 2012
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it definitely rebounded. >> at the same time, david, some of the cities that had, you know, fair to best during the downturn are now showing some weakness, chicago and new york, the only two cities with negative returns in the month of october. what's going on in those two markets? >> well, i think the first thing to recognize is what you pointed out. they didn't have the incredible boom going on. so they've been a lot more classic. those are markets where i think there are some other concerns related to local economic base. new york is highly dependent on financial services. and financial services, despite the stock market, have not been doing as well as they might. and have seen a lot of slowness. and rumors of layoffs. so there are areas that are a bit weak. even with those, i think on a national basis housing continues to be very solid. >> would you anticipate, david, seeing any sort of impact in sort of a higher income areas, in states, california, the northeast, because of the fiscal cliff? do you think that's going to show up eventually in the data? >> actually, i think the bigger
it definitely rebounded. >> at the same time, david, some of the cities that had, you know, fair to best during the downturn are now showing some weakness, chicago and new york, the only two cities with negative returns in the month of october. what's going on in those two markets? >> well, i think the first thing to recognize is what you pointed out. they didn't have the incredible boom going on. so they've been a lot more classic. those are markets where i think there are some...
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Dec 22, 2012
12/12
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he slowly but surely has been fixing mgm's past mistakes including the massive citi center project in vegas that drove the company to the brink of chapter 11. this is a turn that's been years in making but now businesses are starting to come back. you haven't missed anything so this is the moment. let me explain. not long ago it was a real sick customer. took on a ton the debt when las vegas was fabulous place to do business. when the vegas market got annihilate during the great recession, mgm was crushed. think of it like this. i'm looking for analogies all the time. mgm was on its deathbed. company was on life support. gaming revenues tumbled from 2007 through 2009. the patient, it was slipping. then mgm got a pacemaker in the form of a new ceo when a one-time wall street gaming analyst took over in december of 2008 right at the height of the recession. vegas business stabilized in 2010 and 2011. the president said he didn't like trips there or something. the doctors are making improvements with mgm with rebound in chinese economy, mgm's business is getting a much needed hip replace
he slowly but surely has been fixing mgm's past mistakes including the massive citi center project in vegas that drove the company to the brink of chapter 11. this is a turn that's been years in making but now businesses are starting to come back. you haven't missed anything so this is the moment. let me explain. not long ago it was a real sick customer. took on a ton the debt when las vegas was fabulous place to do business. when the vegas market got annihilate during the great recession, mgm...
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Dec 3, 2012
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and so the city was in a time warp. and, as has so often been the case, in the valley of the blind, the one-eyed man is king. >> so you had an idea, and you were king. >> yeah, all of a sudden, i looked like i was a rocket scientist. >> not a rocket scientist but a showman. >> captain of the britannia! ready, aim, fire! [explosions booming] >> when he imploded the old dunes hotel in 1993, the event became a steve wynn extravaganza live on television. [cheers and applause] out of the ashes, he built the bellagio--at the time, the most expensive hotel in the world. he sold the bellagio and mirage resorts in 2000 and pocketed more than $600 million. by then, las vegas was calling itself the entertainment capital of the world. steve wynn is known for his charm, but he's also known for his explosive temper. >> i wish that i was a more considerate person, and to the extent that i demonstrate consideration for other people, at my age, i wish that i had gotten to that point earlier. >> he got to this state of self-awareness wit
and so the city was in a time warp. and, as has so often been the case, in the valley of the blind, the one-eyed man is king. >> so you had an idea, and you were king. >> yeah, all of a sudden, i looked like i was a rocket scientist. >> not a rocket scientist but a showman. >> captain of the britannia! ready, aim, fire! [explosions booming] >> when he imploded the old dunes hotel in 1993, the event became a steve wynn extravaganza live on television. [cheers and...
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Dec 27, 2012
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only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. >>> welcome back to "the kudlow report." in this half hour, at least one report says santa wasn't so generous this holiday season. this christmas. but not so fast. we haven't heard the last word yet on the retailers. and no one has heard any words from hillary clinton lately. the state department tells us she is still recovering from the
only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets...
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Dec 14, 2012
12/12
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>> the benefit to the city is if it's better for passengers, it's better for the city. >> how long do i have to stand with my arm out whilst taxis pass me with lights off? because someone hailed them halfway across manhattan? >> i think the main way people get taxis is the old-fashioned stick your hand in the air. especially during the day in midtown, downtown. i don't drivers will need this app to find passengers. there are plenty of passengers. this app will be most useful late at night, on the edges of the taxi service area. that way, a taxi knows there's somebody three, four blocks away. >> didn't they try this in the 1980s? wasn't it abandoned because it didn't work, because there weren't enough taxis to fulfill the plan to come through? >> in the old day, it was both by radio and street hail. then they created the black car and car service industry. but now, with technology, you can have a car do both of these, and they can figure out the most efficient way to operate themselves. you know, we think you let the market figure out what's the most efficient. >> you have to think, in
>> the benefit to the city is if it's better for passengers, it's better for the city. >> how long do i have to stand with my arm out whilst taxis pass me with lights off? because someone hailed them halfway across manhattan? >> i think the main way people get taxis is the old-fashioned stick your hand in the air. especially during the day in midtown, downtown. i don't drivers will need this app to find passengers. there are plenty of passengers. this app will be most useful...
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Dec 6, 2012
12/12
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break grouped on three new locations here in the city. he'll join us live next. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from yo
break grouped on three new locations here in the city. he'll join us live next. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are...
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Dec 4, 2012
12/12
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i'll talk with the head of one of the biggest hospital groups in the city. stay with us. back if a moment. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. to provide a better benefits package... oahhh! [ male announcer ] it made
i'll talk with the head of one of the biggest hospital groups in the city. stay with us. back if a moment. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. since ameriprise financial was founded back in 1894, they've...
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Dec 27, 2012
12/12
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80 years to the opening of the iconic radio city music hall. ah, the gold old days. "street signs" is back in a minute. ♪ ♪ that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. execut
80 years to the opening of the iconic radio city music hall. ah, the gold old days. "street signs" is back in a minute. ♪ ♪ that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed...
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Dec 7, 2012
12/12
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what has the city of chicago be doing? >> rahm emanuel took on the teacher's union. >> he got rolled. and they've been selling assets. it's been asset sales, parking contract, not dealing with the underlying spending problems. so house republicans are determined to deal with this debt question. so when boehner comes out and gives his talk right after the election -- >> but honestly, the administration has criticized the republicans because there are no specifics in the spending cuts. >> come on, look. the erskine bowles language -- you know how this works. house republicans are will -- >> give me one. >> i won't play that game and here's why. house republicans -- house republicans are willing to sit . house republicans are willing to sit down. they're not any more anxious to deal with the cuts and pass the cuts than anybody else is but we demonstrated through the ryan budget, we did it once, we did it twice -- >> i'll give you that point. i wish everybody would stop talking about this in public and get behind closed doors
what has the city of chicago be doing? >> rahm emanuel took on the teacher's union. >> he got rolled. and they've been selling assets. it's been asset sales, parking contract, not dealing with the underlying spending problems. so house republicans are determined to deal with this debt question. so when boehner comes out and gives his talk right after the election -- >> but honestly, the administration has criticized the republicans because there are no specifics in the...
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Dec 4, 2012
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some of the south american current cities. that says we'll see international capital flows fall to go other markets. so what i would say to everybody is that whereas we've held down our exposure to international equities, both developed and to emerging, i would start to increase that exposure to international equities both developed and emerging, largely because i think you'll see dollar weakness and currency strength in other parts of the world. >> next year will be steady -- far more steady and far less spectacular, that seems to be what you're suggesting. >> growth next year probably around 2% is the consensus, 2.4% is where i come down. growth in profits maybe 3% to 4% next year. a very flat interest rate environment. you put all that together, you ask yourself what's going to happen to the stock market if that's right. and the answer is you won't get much out of that. >> so how do you invest into sectors? i think we've lost sound. unfortunately. there we go. our apologies. anyway, that was hugh johnson fp our apologies to
some of the south american current cities. that says we'll see international capital flows fall to go other markets. so what i would say to everybody is that whereas we've held down our exposure to international equities, both developed and to emerging, i would start to increase that exposure to international equities both developed and emerging, largely because i think you'll see dollar weakness and currency strength in other parts of the world. >> next year will be steady -- far more...
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Dec 26, 2012
12/12
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only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. you can stay in and share something... or you can get out there and actually share something. ♪ the lexus december to remember sales event is on. this is the pursuit of perfection. >>> welcome back to "worldwide exchange." if you're traveling around london today, you better take the bus or hail a cab. for the third straight year, hundreds of london underground workers and drivers have gone on a 24-hour strike on boxing day. the first day of post-christmas retail sales. the union has a long-running dispute with tube management over bank holiday pay. >>> and here in the u.s., support strike could be brewing. federal mediators have called for a meeting of east and gulf coast dock workers and shippers as they try to avoid possible str
only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. you can stay in and share something... or you can get out there and actually share something. ♪ the lexus december to remember sales event is on. this is the pursuit of...
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Dec 3, 2012
12/12
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says the euro should be traded within the block and not the city of london. and white house and congress may need to call the auto club to jump-start budget talks which has stalled on discussions over taxes. plus singapore airlines confirms it is in talks to sell its 49% stake in virgin atlantic. reports suggest delta amongst the front runners. equities up in the month of november. ahead of the u.s. open, up by a quarter percent for the ftse. quarter for the ibex, as well. by and large the pmi numbers have been slightly better than expected. the revision on the eurozone pmi aunt wasn't on the headline composite number, but new orders were a little bit better. still a long way away from the 6% mark. gilt yields steady. manufacturing pmi better than expected. euro-dollar hit a six week high. dollar kren moyen moving away f 7 1/2 peak. talking about the uk, george osbourne says there's no turning back on austerity just days ahead of his annual statement. he continues to resist opposition calls warning that lack of budget discipline would have serious consequence
says the euro should be traded within the block and not the city of london. and white house and congress may need to call the auto club to jump-start budget talks which has stalled on discussions over taxes. plus singapore airlines confirms it is in talks to sell its 49% stake in virgin atlantic. reports suggest delta amongst the front runners. equities up in the month of november. ahead of the u.s. open, up by a quarter percent for the ftse. quarter for the ibex, as well. by and large the pmi...
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Dec 5, 2012
12/12
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have spread even into the wealthiest areas of the city. just a few miles south, an old market town that used to be an affluent place to live. recently, though, the town has been in decline. despite having the highest rate of vacant shops in the country, 30% in 2010, the area is a conservative stronghold, one of only two out of manchester's 27 constituencies. >> people are really very realistic about the situation we're in. they know that the government can't just pick money off trees. people i think understand that there's too much spent before, too much borrowing, that we've now got a massive mountain of debt that needs to be paid down. >> whether people from manchester understand it or not, it looks like the economic recovery is set to be a long one. >>> talks between the white house and republicans over the fiscal cliff are grinding to a hold. house speaker john boehner dealing with division in the gop's ranks to his budget plan. we've got a shanghai surprise. china's mainland markets up over nearly 3% after beijing's new leaders called
have spread even into the wealthiest areas of the city. just a few miles south, an old market town that used to be an affluent place to live. recently, though, the town has been in decline. despite having the highest rate of vacant shops in the country, 30% in 2010, the area is a conservative stronghold, one of only two out of manchester's 27 constituencies. >> people are really very realistic about the situation we're in. they know that the government can't just pick money off trees....
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Dec 17, 2012
12/12
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they belong on the battlefield of war, not the streets of our cities. i believe the majority of gun owners would agree we should do everything possible to prevent criminals and fugitives from purchasing weapons. >> three weeks later, six people were killed and four others injured at a sikh temple in wisconsin. the president expresses outrage and makes vague reference to the need for change. we learned over the weekend the department of justice did create a set of recommendationes it beef up background checks after the giffords shooting but those recommendations went largely ignored. this time, it is not just the president saying, when the victims are innocent children, it's time to move from conversation it action. tyler? >> hampton pearson, thank you. >>> to the markets now. apple dipping below $500 a share for the first time since february. in premarket trading, this after citi downgraded stock. the company did sell better than expected 2 million iphone 5s in china over the weekend. the best smart phone launch ever in that country. what will the futur
they belong on the battlefield of war, not the streets of our cities. i believe the majority of gun owners would agree we should do everything possible to prevent criminals and fugitives from purchasing weapons. >> three weeks later, six people were killed and four others injured at a sikh temple in wisconsin. the president expresses outrage and makes vague reference to the need for change. we learned over the weekend the department of justice did create a set of recommendationes it beef...
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Dec 18, 2012
12/12
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the fed will be more comfortable for citi buying back shares than dividend because citi is pretty much an unproven story. what i like now about this management versus the old management, instead of going out and trying tonight biggest, greatest global story, they are really focusing on internal execution and right-sizing the company. they have needed to do that for a long time. i hope they go for as far as they need to. >> the c-card, this is an event that the fed will either approve or disapprove of the capital plan for these banks. >> yes. >> and you're expecting the fed will approve all these dividends as well as capital -- as well as stock buybacks. >> to a certain degree. the fed will be more comfortable. if sympathy commits to buying shares back and something changes and there's more uncertainty around citi, they can halt their share. they won't have to cut their dividend again, but for bank of america i expect them to do both, increase their dividend and buy shares back. >> i guess i was reading an article recently that the federal reserve had become so involved in decisions abo
the fed will be more comfortable for citi buying back shares than dividend because citi is pretty much an unproven story. what i like now about this management versus the old management, instead of going out and trying tonight biggest, greatest global story, they are really focusing on internal execution and right-sizing the company. they have needed to do that for a long time. i hope they go for as far as they need to. >> the c-card, this is an event that the fed will either approve or...
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Dec 5, 2012
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headquarters of cnbc, on "power lunch," the fallout from citi, thousands of jobs being cut, but the stock moving up. where does the bank and its stock price goes from here. "forbes" out with the most powerful people list, not richest, including the trailblazing ceo of the magazine who says people aren't paying enough taxi to. >>> problems for the dreamliner. how big a problem are this? now back to scott. >>> so see you in about 12 minutes. based on cnbc's rise above meter p. the likelihood of a deal getting done now stands at just 25%. larry mcdonald joins us with his latest analysis. larry good to see you again. welcome back. >> good to be here. >> we're at plus 126 on the dow, yet the cnbc meter says 25. what's your take? >> well, most interesting, my 17 lehman systemic risk indicators are 50% below the may levels, but my economic indicators have deteriorated dramatically the last 7 to 10 days. if you look at gold, you look at oil, you look at the perform abof treasuries. we've had a rally in the s&p. treasuries have not sold off, then you have a situation where anything consumer
headquarters of cnbc, on "power lunch," the fallout from citi, thousands of jobs being cut, but the stock moving up. where does the bank and its stock price goes from here. "forbes" out with the most powerful people list, not richest, including the trailblazing ceo of the magazine who says people aren't paying enough taxi to. >>> problems for the dreamliner. how big a problem are this? now back to scott. >>> so see you in about 12 minutes. based on cnbc's...
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Dec 5, 2012
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the thing that gets missed there is citi brings you revenue growth where some others don't. that is the power of the non-u.s. franchise. so you have to kind of look at the revenue end at the same time. >> maybe we'll look back and say pandit did kind after decent job. glen, thank you for joining us. >>> amazing video to show us. allan simson of simpson-bowles fame dancing gang hall style. 81-year-old putting psy to shame. he was at a breakfast this morni morning. >> we need some dancing austerity, i think. that is odd. >>> where in the world -- or not. where in the world is john mcafee? is he in belize? he is not. going to give you his new location next. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. but they haven't experienced extra strength bayer advanced aspirin. in fact, in a recent survey, 95% of people who tried it agreed that it relieved their headache
the thing that gets missed there is citi brings you revenue growth where some others don't. that is the power of the non-u.s. franchise. so you have to kind of look at the revenue end at the same time. >> maybe we'll look back and say pandit did kind after decent job. glen, thank you for joining us. >>> amazing video to show us. allan simson of simpson-bowles fame dancing gang hall style. 81-year-old putting psy to shame. he was at a breakfast this morni morning. >> we need...
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Dec 27, 2012
12/12
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thank you, matt. >>> time is money in the windy city. chicago will have the priciest parking meters in the entire country. stay tuned to find out just how much they're going to charge in the new year. >> announcer: if congress forces the economy off the fiscal cliff the immigration and custom enforcement along with the customs and border protection departments will see their budgets cut by over $1 billion which means 8500 border protection workers would face termination. get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people
thank you, matt. >>> time is money in the windy city. chicago will have the priciest parking meters in the entire country. stay tuned to find out just how much they're going to charge in the new year. >> announcer: if congress forces the economy off the fiscal cliff the immigration and custom enforcement along with the customs and border protection departments will see their budgets cut by over $1 billion which means 8500 border protection workers would face termination. get...
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Dec 28, 2012
12/12
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do you go where the geographic reach is broadest like a city? your favorite picks are goldman, some of the big center maxim right? >> citi certainly has an advantage in its position internationally as asia picks up citi is going to pick up. they're well positioned for that. goldman sachs certainly the leader on the investment banking side. we would put them in a portfolio. you can buy goldman today at a price below what the partners could buy it back when it was a partnership. go with it. >> interesting. provocative prediction. good to see you. happy 2013. >> thank you. >> brad hintz. the post christmas rush for retailers. gift cards, returns, exchanges. jane wells will break it down a little later on and of course we'll get you down to the close in europe about 11 minutes away. drum and flute" n look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl? hahaha!!
do you go where the geographic reach is broadest like a city? your favorite picks are goldman, some of the big center maxim right? >> citi certainly has an advantage in its position internationally as asia picks up citi is going to pick up. they're well positioned for that. goldman sachs certainly the leader on the investment banking side. we would put them in a portfolio. you can buy goldman today at a price below what the partners could buy it back when it was a partnership. go with it....
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Dec 27, 2012
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city budge let's constrained and city got to raise money and the state of i will sill in quite a parlance state itself. >> got to get the revenues from some state, guy he is. >>> talk about the weather here, the winter storm working across much of the nation, still causing headaches in the northeast, expected to dump one to two feet of snow in some parts of maine and surrounding states today. the weather channel's eric fisher is live in lewis ton, maine, with the latest. hi, eric. >> good morning, melissa. hi there, every ebb. snow coming down a few hours ago, now ernest across maine that will continue all day long, many states touched by this winter storm, maine will be the last one in the lower 48 this all started back in west texas, a white christmas in amarillo and lubbock, folks doing shoveling here this holiday week, notice the visibility starting to go down, traffic has been light, all of the state offices are close here in maine for today. across all of this state, vermont, new hampshire, new york, dealing with the wintery weather. if you are a traveler, certainly not any good new
city budge let's constrained and city got to raise money and the state of i will sill in quite a parlance state itself. >> got to get the revenues from some state, guy he is. >>> talk about the weather here, the winter storm working across much of the nation, still causing headaches in the northeast, expected to dump one to two feet of snow in some parts of maine and surrounding states today. the weather channel's eric fisher is live in lewis ton, maine, with the latest. hi,...
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Dec 6, 2012
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i think it's quite attractive certainly to the rest of the sector. >> citi shedding 11,000 job, around 4% of its workforce. some say it's part of a strategy by the new ceo. citi shares were up on that. so what do you make of ubs getting out of fixed income, citi shedding a huge chuck of jobs. >> i would actually go much further than that. we've had an a revolution. pure to pure growing at 50% per annum. i think it's time to redesign the way they do banking. some of the peer to peer lenders are ten times more efficient than banks. so there is an argument that you can do retail banking with 90% less people. it's quite a radical view, but i think that there is a huge scope for process redesign in terms of retail banking. we shouldn't be pushing bits of paper. whenever i try to make an international payment, i have to talk to-to-someone who manually puts all the numbers in to i don't know where. but it's much too cumbersome relative to what you're seeing in terms of innovation. >> i've hated my bank for sort of 30 years and i'm still there. >> they rely us on. >> accomplicomplacent banks w
i think it's quite attractive certainly to the rest of the sector. >> citi shedding 11,000 job, around 4% of its workforce. some say it's part of a strategy by the new ceo. citi shares were up on that. so what do you make of ubs getting out of fixed income, citi shedding a huge chuck of jobs. >> i would actually go much further than that. we've had an a revolution. pure to pure growing at 50% per annum. i think it's time to redesign the way they do banking. some of the peer to peer...
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Dec 17, 2012
12/12
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citi. >> all right, let's go off on that. meredith talked about march 2013 being a catalyst date. as a trader over the next three months i'm going to be saying, which of these names do i want to be long and sell the news in march. which of them you think has the best chance of -- >> i don't agree with meredith's premise, because, yes, they may let me use a little bit more capital if i'm one of the top four, but i'm living in a world where instead of an 8% risk rate, i have 100% risk rate. many of the assets i would like to create in terms of generating revenue are going to be much
citi. >> all right, let's go off on that. meredith talked about march 2013 being a catalyst date. as a trader over the next three months i'm going to be saying, which of these names do i want to be long and sell the news in march. which of them you think has the best chance of -- >> i don't agree with meredith's premise, because, yes, they may let me use a little bit more capital if i'm one of the top four, but i'm living in a world where instead of an 8% risk rate, i have 100% risk...
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Dec 26, 2012
12/12
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a look at the radar to show you the rape/snow line lies right across new york city. that will be lifting northward over the next several hours. folks, you'll turn into rain, philly, trent op, d.c., already rain. future radar shows mostly rain right along the i-95. do far inland to produce along the coast. interior vermont, western maine, likely over a foot of snow and boston likely all rain again winding down all in all later on tomorrow evening but the snow continues to linger on late tomorrow across parts of northern maine. here's the fall forecast, over a foot of snow and the ski resorts will be doing great. the coastal cities, again, largely rain and travel delays will be impacted significantly where we have new york, philly and d.c. >> sounds like retailers can't catch a brick right now. superstorm system and now the storm is barreling its way across the country and with holiday pale at their weakest, heard that this morning, do retailers, can they make up for last yund. >> thank you. have, why don't you go first. what impact is it going to have? >> you have dec
a look at the radar to show you the rape/snow line lies right across new york city. that will be lifting northward over the next several hours. folks, you'll turn into rain, philly, trent op, d.c., already rain. future radar shows mostly rain right along the i-95. do far inland to produce along the coast. interior vermont, western maine, likely over a foot of snow and boston likely all rain again winding down all in all later on tomorrow evening but the snow continues to linger on late tomorrow...
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Dec 5, 2012
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citi is one of the names we're overweight. it's a shame for the folks who have lost their job, but it's a nice move today. >> 7.5%. bank of america, 6%. thanks, guys. >> thank you very much. see you later. as a matter of fact, the financials are leading us higher. we're near the highs of the session right now with about 50 minutes left. the dow up 124 points. >> pretty good move. if you can own only one stock in 2013, which one would make you the most money? top fund managers were asked that question. we have their answers. we have names coming up. stay with us. >> get pencil to paper. >>> also ahead, the art of negotiation. we're going to hear from somebody who says a deal on the fiscal cliff could have already been reached if only lawmakers took a page out of wall street's deal making strategy of keeping things behind closed doors. where have we heard that before? >>> plus, secretary tim geithner with us exclusively. will the white house let our economy go over the fiscal cliff if a deal on higher tax rates for the wealthy i
citi is one of the names we're overweight. it's a shame for the folks who have lost their job, but it's a nice move today. >> 7.5%. bank of america, 6%. thanks, guys. >> thank you very much. see you later. as a matter of fact, the financials are leading us higher. we're near the highs of the session right now with about 50 minutes left. the dow up 124 points. >> pretty good move. if you can own only one stock in 2013, which one would make you the most money? top fund managers...
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Dec 5, 2012
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you have the customers of the ports and the city saying fix this. when it comes to the president in this economy. we are 8 days in and he hasn't started the process of reconvening the board. >> the board is already so pro union as is the president fresh off his re-election even though this is not going to be a california emergency, this could be a national emergency for closing down those huge ports. that is it for tonight's show. thank you for watching. we will see you tomorrow night we need premarket capitalism. not a union hold up. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... when you take a closer
you have the customers of the ports and the city saying fix this. when it comes to the president in this economy. we are 8 days in and he hasn't started the process of reconvening the board. >> the board is already so pro union as is the president fresh off his re-election even though this is not going to be a california emergency, this could be a national emergency for closing down those huge ports. that is it for tonight's show. thank you for watching. we will see you tomorrow night we...
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Dec 17, 2012
12/12
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>> citi is talking about supply chain cuts for the iphone. but we also know that apple increased production 45% to 50% and as the yields get easier, as it gets easier to get this stuff i think it's interesting. we could see some cuts. just because they increased production from october to december. so this might be semantics. at the end of the day, we sold it about 584, so i think it's a trading range stock. i've said it. i think the low 500 is very interesting particularly given the china news, given the 50 new countries that they're in. i just don't see this getting resolved until you get to january 22nd which is when the company reports earnings and we get a better read on gross margins, on products yields and all of this noise. >> glen young is the analyst who cut the stock today, slashed its price target. glen, welcome back to "halftime" >> thanks. >> help us understand how three weeks ago you came on the show, initiated coverage with a buy. you've seen enough in that period of time to change to a neutral. what happened? >> remember when
>> citi is talking about supply chain cuts for the iphone. but we also know that apple increased production 45% to 50% and as the yields get easier, as it gets easier to get this stuff i think it's interesting. we could see some cuts. just because they increased production from october to december. so this might be semantics. at the end of the day, we sold it about 584, so i think it's a trading range stock. i've said it. i think the low 500 is very interesting particularly given the...
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Dec 20, 2012
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. >> all the cities you mentioned, we're on it. >> you're on it. >> downtown l.a., we're working on it. >> one of the reasons i ask that is because a fellow from northern ohio wants to know, gary500k, is ohio -- is northern ohio too blue collar for whole foods? >> heck no. we're continuing to find. this year we opened up in boise, idaho, right? next year we have wichita, kansas, lincoln, nebraska. >> and there's nothing there. >> we're going to go there. >> you got your first one in hyannis. the whole cape doesn't have. >> tough to get real estate. kind of pricey, but we did get a nice spot in hyannis. tell him thanks for the suggestions. >> i thought it was funny because i thought someone might say, look, tell him i wish you had more gluten and whatever, and you have a lot of gluten-free. but all people wondering why they can't have whole foods closer to their house. >> 2012, the greatest year in the history of the company. despite all the noise out there, we're accelerating, growing, faster, it's good. >> within the stores, you talk about how you're changing, you've got new things co
. >> all the cities you mentioned, we're on it. >> you're on it. >> downtown l.a., we're working on it. >> one of the reasons i ask that is because a fellow from northern ohio wants to know, gary500k, is ohio -- is northern ohio too blue collar for whole foods? >> heck no. we're continuing to find. this year we opened up in boise, idaho, right? next year we have wichita, kansas, lincoln, nebraska. >> and there's nothing there. >> we're going to go...
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Dec 31, 2012
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the city's oldest bakery not staying open for one day more. while the 202-year-old shop is suffering from failing real estate prices. the landlord doubled the rent and says basically he is shutting down because he cannot stay profitable. kind of sad. all those people who have enjoyed his baguette for 43 years. >> maybe he can go to belgium. >> what can we expect for housing in 2013? let us bring in president of team investments. all right, tanya, what are you seeing how the there? give us your forecast. >> i would like to say we are going to see a lot of short sales but if the fiscal cliff is not averted, we will see mortgage rates stay low. they can't afford to raise rates because, here is a great example. in 1987, $170,000 house, the payment is more than $270,000 house with 5% down today. so they can't afford to raise the mortgages if we go over the cliff. the other thing is people won't be able to short sale because that will be taxable income. so it would be better for them to forclose. that really hurts the banks. it hurts everyone. hurts
the city's oldest bakery not staying open for one day more. while the 202-year-old shop is suffering from failing real estate prices. the landlord doubled the rent and says basically he is shutting down because he cannot stay profitable. kind of sad. all those people who have enjoyed his baguette for 43 years. >> maybe he can go to belgium. >> what can we expect for housing in 2013? let us bring in president of team investments. all right, tanya, what are you seeing how the there?...
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Dec 17, 2012
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live from the nasdaq market site in new york city's times square, i'm melissa lee. here are tonight's top three trades. first, cliff dwellers. is the mortgage deduction in play? we're handicapping the fallout that could hit the housing stocks. and some of the financials have doubled this year. should you bet that the rally will continue? plus, apple of their eye. the traders pick five stocks that are better bets than apple right now. but first, let's get to our top story. the dow jumping 100 points. so, we ask, were you a buyer or a seller today? pete, what do you say? >> i was a buying. and it was because of the fact, over the last week or so, we've seen nothing but upside buying in the banking stocks, ever sense december 5th broke above that 50-day moving average. last day, week, 475,000 calls at 200,000 puts. it's telling me right now, financials are going higher. we alaskaic active aactivity at stanley, goldman sachs. >> you believe the whole market will be pushed higher because of that move? >> absolutely. i think it's the financials lifting us. >> tim? >> at t
live from the nasdaq market site in new york city's times square, i'm melissa lee. here are tonight's top three trades. first, cliff dwellers. is the mortgage deduction in play? we're handicapping the fallout that could hit the housing stocks. and some of the financials have doubled this year. should you bet that the rally will continue? plus, apple of their eye. the traders pick five stocks that are better bets than apple right now. but first, let's get to our top story. the dow jumping 100...
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Dec 19, 2012
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that's what the knife if for. ♪ >> executive chef andre dupont at the city of london branch has promised it teach even a kitchen novice like me how to make the perfect holiday meal. this is the second london location of the french company, but plenty more are in the pipeline. >> we plan it open four more in the next tweerks all o years, a london. >> why is the u.k. so ripe for expanding a cooking school business? blame the likes of tv chefs. >> the desire to learn about cooking, to watch cooking is everywhere. it's ubiquitous across the media. you watch any tv program at night, you've got cooking there. any magazine, newspaper, you've got cooking there. we've become very used to cooking. we're a nation of armchair chefs. >> how did my attempt at making holiday dinner go? okay, i'm going try to get a little of everything. so good. it's worth the effort to actually make something like this for my family. that would be great. >> absolutely. >> wow. turns out with a little classically trained french help, even i can make christmas dinner. from the kitchens of latalia de chefs, i'm kelly evan
that's what the knife if for. ♪ >> executive chef andre dupont at the city of london branch has promised it teach even a kitchen novice like me how to make the perfect holiday meal. this is the second london location of the french company, but plenty more are in the pipeline. >> we plan it open four more in the next tweerks all o years, a london. >> why is the u.k. so ripe for expanding a cooking school business? blame the likes of tv chefs. >> the desire to learn...